| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | These businesses typically have a strong market position and generate strong cash flows, which will allow the Fund to generate strong consistent returns to investors, while significantly reducing the risk of a loss within the portfolio. The Fund will invest in Private Equity funds based in Australia, along with Permitted Co-investments, to create a well diversified portfolio of Private Equity investments. These investments will be made by the Fund, by making Commitments to the Private Equity funds of the best performing Private Equity fund managers, that in turn make investments into profitable companies requiring Later Expansion and Buyout capital to accelerate their growth and enhance their value. |
| Manager Comments | VPEG4 portfolio managers continued to build upon their successful prior acquisitions of Alpha-H and Independent Living Specialists ('ILS'). Australian owned and operated, Alpha-H develops and manufactures corrective and preventative skincare products and is a global phenomenon, stocked in over 40 countries including prestige clinics, exclusive day spas, TV shopping networks, cosmetic giant Sephora, department stores Marks & Spencer, Myer and Harvey Nichols and a selection of premium airlines. Alpha-H's expansion into the US market continues to deliver positive signs with strong Direct-to- Customer sales emerging from Alpha-H's Online Channel. ILS is a leading Australian supplier and registered NDIS provider of hospital and home-care equipment. Founded in 2004, ILS has accelerated its growth in recent years by taking advantage of favourable market and government funding conditions to expand both its retail and clinical services divisions. During the period ILS completed the acquisition of Complete Mobility, the second add-on investment since acquisition. Complete Mobility reinforces ILS's presence in Far North Queensland with three regional sites, increases scale in complex rehabilitation and offers both supply and cost synergies to ILS. This acquisition adds to the geographic coverage and product range for this key segment of the market. Vantage's pipeline of Private Equity investment opportunities remains strong and expects the VPEG4 portfolio to continue to grow in value across 2021. Please note that performance for the Vantage Private Equity Funds composite is updated quarterly. |
| More Information |
